ANGI Homeservices Inc. Forecasted to Earn Q1 2018 Earnings of ($0.01) Per Share (ANGI)

ANGI Homeservices Inc. (NASDAQ:ANGI) – Stock analysts at Oppenheimer issued their Q1 2018 earnings per share estimates for ANGI Homeservices in a research report issued on Friday. Oppenheimer analyst J. Helfstein anticipates that the technology company will post earnings per share of ($0.01) for the quarter. Oppenheimer has a “Buy” rating and a $14.00 price target on the stock. Oppenheimer also issued estimates for ANGI Homeservices’ Q2 2018 earnings at $0.05 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.03 EPS, FY2019 earnings at $0.31 EPS, FY2020 earnings at $0.48 EPS, FY2021 earnings at $0.67 EPS and FY2022 earnings at $0.84 EPS.

Several other analysts have also recently weighed in on the company. BidaskClub raised ANGI Homeservices from a “buy” rating to a “strong-buy” rating in a report on Friday. Wells Fargo & Co reissued a “buy” rating and set a $15.00 price objective on shares of ANGI Homeservices in a report on Thursday. BMO Capital Markets began coverage on ANGI Homeservices in a report on Tuesday, February 6th. They set an “outperform” rating and a $16.00 price objective for the company. MKM Partners raised ANGI Homeservices from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $15.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, ValuEngine cut ANGI Homeservices from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. ANGI Homeservices presently has a consensus rating of “Hold” and an average target price of $12.77.

ANGI Homeservices (NASDAQ:ANGI) opened at $13.31 on Monday. The company has a quick ratio of 0.57, a current ratio of 1.53 and a debt-to-equity ratio of 0.26. ANGI Homeservices has a twelve month low of $10.24 and a twelve month high of $14.11. The stock has a market capitalization of $833.95 and a PE ratio of -34.13.

Large investors have recently made changes to their positions in the business. Stephens Investment Management Group LLC grew its position in shares of ANGI Homeservices by 2,069.8% during the 3rd quarter. Stephens Investment Management Group LLC now owns 2,019,753 shares of the technology company’s stock worth $25,166,000 after buying an additional 1,926,670 shares during the period. BlackRock Inc. grew its position in shares of ANGI Homeservices by 48,275.2% during the 4th quarter. BlackRock Inc. now owns 972,341 shares of the technology company’s stock worth $10,170,000 after buying an additional 970,331 shares during the period. RWC Asset Management LLP acquired a new position in shares of ANGI Homeservices during the 3rd quarter worth about $6,230,000. Dimensional Fund Advisors LP grew its position in shares of ANGI Homeservices by 31.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 607,595 shares of the technology company’s stock worth $7,771,000 after buying an additional 144,968 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of ANGI Homeservices by 258.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 96,145 shares of the technology company’s stock worth $1,230,000 after buying an additional 69,310 shares during the period. 68.29% of the stock is owned by hedge funds and other institutional investors.

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ANGI Homeservices Company Profile

ANGI Homeservices Inc is focused on creating digital marketplace for home services, connecting homeowners across the globe with home service professionals. The Company operates 10 brands including Angie’s List, HomeAdvisor, HomeStars, Instapro, MyBuilder, MyHammer, Travaux, Werkspot, CraftJack and mHelpDesk.

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